Amazon +6.4% on Q1 beat with 43% sales boost; AWS +49%

“Make Amazon Pay.”

Amazon is scheduled to report its first-quarter earnings results on Thursday after the bell.

After markets closed on Thursday, Amazon reported revenue of $51.04 billion and earnings of $3.27 cents a share for the three months ended on March 31.

Key issues that are likely to be discussed during the company's earnings call: reactions to the president's anti-Amazon salvos, insight in whether Amazon Web Services can double revenue by 2020, and how much Amazon is willing to spend on Alexa. This compares with $0.72 billion, or $1.48 per share, in last year's first quarter. Inc. forecast second-quarter profit that topped analysts' forecasts, buoyed by swelling ranks of Prime subscribers and a profitable cloud-computing division that's winning more corporate customers. Keybanc Capital Markets' analyst Edward Yruma recently wrote in a note that AWS is estimated double its revenue to $41 billion by 2020.

What Analysts Suggest About Rayonier Advanced Materials Inc (RYAM)?
Bank of America Corp raised shares of Rayonier Advanced Materials from a "neutral" rating to a "buy" rating in a report on Friday. After $1.68 actual EPS reported by Citigroup Inc. for the previous quarter, Wall Street now forecasts -5.95% negative EPS growth.

Amazon (NASDAQ:AMZN) shares pop 6.4% aftermarket on Q1 results that beat revenue estimates with a 43% revenue growth Y/Y.

Revenue: $51.04 billion versus an expected $49.96 billion.

"AWS had the unusual advantage of a seven-year head start before facing like-minded competition, and the team has never slowed down", CEO Jeff Bezos said in a statement. Following the announcement the stock was up 7% at $1,628.00 in the after-hours session.


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